A line of credit is a short-term loan used in a business to help with financing fixed assets.
Answer the following statement true (T) or false (F)
False
Rationale: A line of credit is a short-term loan for a business to help with temporary needs, such as seasonal increases in inventory.
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The most commonly used level of confidence when calculating a confidence interval is:
A) 68% B) 90% C) 95% or 99% D) 100% E) none of the above; there can be no confidence since we are dealing with statistics
When stock is issued for noncash assets or services, the dollar amount to be recorded for this exchange is determined by the
A) treasurer of the corporation. B) par value of the stock. C) market value of the stock or the market value of the consideration received, whichever is greater. D) market value of the stock or the market value of the consideration received when the market value of the stock cannot be determined.
Explain how fraud is different from other types of ethics violations and detail the three factors that are present every time a fraud is committed. Additionally, explain the special role of management in a fraud situation even if the managers themselves are not consciously participating in the fraud.
What will be an ideal response?
Italics should be used for which of the following?
a. To indicate words, letters, numbers, and phrases used as words. b. To emphasize a word that is not sufficiently emphasized by other means. c. To indicate the titles of books, magazines, and newspapers. d. For all of the above.